HONG KONG, SINGAPORE and MUMBAI, April 18 2016 /PRNewswire/ — According to a new report published today by Media Partners Asia (MPA), Asia Pacific online video revenue is expected to reach US$35 billion by 2021, an average annual growth of 22% from US$13 billion in 2016. China will remain the largest market, accounting for 76% of Asia Pacific online video revenue by 2021. Japan, Australia, Korea and India will also be significant, in aggregate accounting for 17% of regional online video revenue by 2021.

“The growth of broadband, combined with slow but progressive change in content licensing, is driving demand for online video services. However, the distribution of driver local content online remains modest, especially outside of China, India and Korea. This is evident in Southeast Asia, where broadband penetration is growing rapidly but from a low base in most markets Telecom operators in these markets are investing in broadband networks and integrating with subscription-based online video platforms to help drive subscriptions. This allows online video operators to utilize carrier billing, overcoming market limitations in payment infrastructure. It’s a bet to drive online video consumption in the short term and ARPUs in the long term.”

Online video advertising accounted for less than 15% of Asia Pacific digital ad spend in 2015. This share will grow to 22% by 2021. Online video ad sales will reach approximately US$22 billion by 2021 versus US$9 billion in 2016, a 19% CAGR. China will represent more than 70% of the online video advertising pie by 2021.

In the online subscription video-on-demand (SVOD) segment, MPA expects total paying customers to grow from 177 million by 2016 to 360 million by 2021, with China contributing the majority. SVOD revenue will reach US$13 billion by 2021, a 28% CAGR from US$3.7 billion in 2016. China will again contribute the majority, representing more than 80% by 2021. The Southeast Asia SVOD opportunity will grow rapidly but from a low base, representing about US$200 million in revenue by 2021.

Asia Pacific fixed broadband subs will reach 345 million in 2016, and grow to 425 million by 2021. Average broadband household penetration will grow from 35% in 2016 to 41% in 2021. Mobile broadband will reach 79% of the Asia Pacific population by 2021, versus 46% in 2016.

Advertisement

Calendar

Categories

Like Us On Facebook

“The business insights” is the famous name as far as publishing financial news of Pakistan is concerned, the website has been in the news industry for a long time and covers almost every industry news that is contributing to boost up the overall economy of the Pakistan. It is not like we only cover the financial news, in fact we cover every single news that is influencing overall Pakistan’s political or economic situation.